Weekly Trade Round Up

30 May 2007

The loan-only credit default swaps of Lear Corp. widened to the 165-170 context from 150-155 today on rumors pricing may notch up on its $2.6 billion deal currently in the market; Caritor broke for trading Tuesday as a strip and landed in the 100 1/4-100 1/2 range and With a week of trading completed, the LCDX continues to trade tight, with most dealers making 5 basis point bid offers, one market player said.

Lear LCDS Widens On Pricing Speculation

The loan-only credit default swaps of Lear Corp. widened to the 165-170 context from 150-155 today on rumors pricing may notch up on its $2.6 billion deal currently in the market. Price talk on the covenant-lite term loan was in the LIBOR plus ...

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